A step-by-step guide on how to buy & store the Ardor (ARDR) cryptocurrency

What is Ardor?

Ardor is a blockchain-as-a-service platform that will allow people to utilize the blockchain technology of Nxt through the use of child chains.

What are ARDR coins?

Ardor coins serve as the system that secures all child chains and processes their transactions.

Disclaimer

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS SITE. The author is not registered as an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with the U.K. Financial Conduct Authority (FCA). The author is neither licensed nor qualified to provide investment advice. This guide is not and should not be interpreted as investment advice, a recommendation regarding a course of action or as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative and complex, and they involve significant risks­—they are highly volatile and sensitive to secondary activity. Performance is unpredictable, and past performance is no guarantee of future performance. Consider your own circumstances and obtain your own advice before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant regulators' websites before making any decision. The author may have holdings in the cryptocurrencies discussed. All product names, trademarks, brands, photographs and logos are the property of their respective owners.

How to buy Ardor

Important notes: The links in this guide are correct as to the best of our knowledge. It is your own responsibility to double check that clicked links look correct in your browser bar, and that any wallet you install on your computer is from a legitimate source.

It's highly recommended to have quality virus/malware protection on your computer, such as Bitdefender, before buying cryptocurrencies.

Ardor's official wallet can be found at nxtplatform.org. It's called the Nxt Client. We're using this wallet as ARDR is currently an asset on the Nxt blockchain.

Download the appropriate file for your computer system and run it.

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Choose your language and press 'OK'.

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The installation process has begun. Press 'Next'.

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Agree to the terms and conditions and press 'Next'.

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You will be given the latest release notes. Press 'Next'.

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You will be asked where you'd like the wallet to install. The default is fine for most people. Press 'Next'.

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You will be given some options to choose from.

Click the check box next to 'Operate as a light client'.

This means that the wallet won't download the entire Nxt/Ardor blockchain, and will mean a much quicker user experience.

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You will be asked if you want shortcuts for the wallet.

Once you've decided, press 'Next'.

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The wallet will finish installing.

Once it has, press 'Next'.

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Success! The installation process is done.

Press 'Next' to exit the installer.

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If the wallet doesn't open automatically, find it and run it. If you created the shortcuts earlier, use one of those.

You may be asked if you wish to allow the wallet access to the internet through your firewall. You must grant it access for the wallet to function correctly.

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Once the wallet has opened, choose 'New? Create your account!'

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You will be given a powerful passphrase for your wallet. This passphrase allows you to open your wallet in the future, as well as send coins. It's important you back this phrase up somewhere very safe, where other people won't find it.

Note: If you lost this passphrase you'll lose access to your coins.

Note: If someone else finds this passphrase, they could use it to open your wallet and take your coins.

You're also given your public account address (wallet address). Save this somewhere safe as we'll need it soon.

Once you're done, click 'Next'.

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You will be asked to type in your passphrase to confirm you have it stored correctly.

Once you've done it, click 'Next'.

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Your wallet will now be open.

It's now ready to receive Ardor.

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Now we'll purchase the popular cryptocurrency Ethereum, so that we can exchange it for Ardor (if you already own Ethereum you can skip ahead).

Choose which Ethereum exchange you'd like to use (by clicking on the logo), and the guide will continue:

There are also some other exchanges (but without step-by-step guides) listed here.

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If you use this link to sign up to Coinbase we'll both receive ten dollars of free coins when you spend over $100 (or the equivalent in your currency).

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Press the 'sign up' button and fill out your name (make sure this is exactly how it's written on your photo ID), email and a password.

Just like a US bank, Coinbase is regulated by the US government, and has to follow strict financial rules. So they take verifying your identity very seriously. It's a pain, but it does give Coinbase a reputation for being the most trusted way to convert fiat currency to cryptocurrency.

To verify your account you must supply a phone number, upload an image of your photo ID and verify a credit/debit card or bank account before you can buy.

Use your selected method of authentication to generate the number and write it in the box. Press 'Confirm'.

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You will be sent an email to confirm the withdrawal.

Go to your personal email and click the link Cex.io has sent you. This will send the coins on their way.

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Go back to LocalBitcoins.

You should still be in your wallet page.

In the box labelled 'Receiving Bitcoin address' paste the Ethereum wallet address we just copied from Binance.

Enter the amount of Bitcoin you're sending.

Press 'Continue'.

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You will be asked to enter your password to confirm the send.

Once entered, press 'Send from wallet'.

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You will be taken back to your wallet and a message will appear to confirm the Bitcoin has been sent.

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Hopefully you're now verified on Coinmama, so log into your account and press 'Buy Ethereum'.

You will be presented with some buying options- you can either choose to purchase a preset amount, or at the bottom of the page enter the amount of Ethereum you want, or currency you want to convert to Ethereum.

Once you're satisfied with the amount, press the 'Buy Ethereum' button.

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You will be asked to supply your Ethereum wallet address. Input the wallet address that you copied from Binance.

Press 'Go to payment'.

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You will be asked for your credit/debit card details. Input them and press 'Pay Now'.

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You may be informed that Coinmama has received your order but 'are reviewing the order and making sure you're really you.' This just means they're double checking your credit/debit card information to your personal information to be sure this is a legitimate purchase.

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Once they've confirmed everything, you will be sent an email to confirm the purchase. Go to your inbox, find the email and double check it shows your correct Ethereum wallet address you copied from Binance. When you're happy, click the confirmation link in it.

Coinmama will now send your coins to your wallet address.

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Now we've got to wait a few minutes for the coins to move across the network.

Unless there's an unusually large network backlog, the coins will take between 20 and 60 minutes to appear in your Binance wallet.

Binance will update automatically so there's no need to refresh the page.

While you're waiting, consider sharing this guide with your friends and followers to spread the word about
Ardor, encouraging its popularity and value to grow.

Once the Ethereum shows in your 'available balance' we're ready to trade for Ardor.

Click here to jump straight to the ARDR/ETH exchange market on Binance.

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The exchange page can look overwhelming at first, but don't worry, we're only going to use a small part of it.

There are two ways of buying coins:

A 'Limit' order, which lets you manually set the price at which you want to buy ARDR.

A 'Market' buy, which fills your order automatically at the best price available.

As market buy is the simpler of the two options we'll go with that.

Look for the big green 'Buy ARDR' button.

Above it, click the 'Market' option.

In the input box marked 'Amount' you now need to fill in how many ARDR you'd like to buy. It may be easier to use the percentage buttons below the input box- for example, press 50% if you'd like to exchange 50% of your Ethereum for ARDR.

When you're happy with the amount, press the buy button.

Your order will be filled immediately.

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Hover over 'Funds' along the top menu, then click 'Balances'.

In the search box, type ARDR. You will now see your new ARDR in your ARDR wallet.

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If you're comfortable with it, you could just leave your coins on Binance and they would probably be safe. However, exchanges have been hacked in the past, and people have lost coins, so we do recommend you keep them in a personal wallet. Here's how:

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